Musk privately clashed with Agrawal in April, immediately before deciding to make a bid for the company, according to text messages later revealed in court filings.Īround the same time, he publicly criticized Gadde, the company's top lawyer, in a series of tweets. Segal confirmed his departure in a series of tweets Friday. Both people insisted on anonymity because of the sensitive nature of the deal. The people familiar with the deal said Musk has fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Late Thursday, Musk tweeted, “the bird is freed,” a reference to Twitter’s logo.Įarlier in the week, he strolled into the company’s San Francisco headquarters carrying a porcelain sink, changed his Twitter profile to “Chief Twit,” and tweeted “Entering Twitter HQ - let that sink in!” A Delaware judge had ordered that the deal, originally valued at $44 billion, be finalized by Friday. He has complained about restrictions on speech on the platform - but then vowed he wouldn’t let it become a “hellscape.” And for months it wasn’t even clear if he wanted to control the company at all.Īfter Musk signed a deal to acquire Twitter in April, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition. Musk has criticized Twitter’s dependence on advertisers, but made a statement Thursday that seemed aimed at soothing their fears. The mercurial Musk has not made it easy to anticipate his moves. As is his ally Roger Stone, who wrote on Telegram that he was “waiting patiently to regain my voice.” Former President Donald Trump is among those who have been banned. “I will be digging in more today,” he tweeted early Friday, in response to a conservative political podcaster who has complained that the platform favors liberals and secretively downgrades conservative voices. Many are looking to see if he will welcome back a number of influential conservative figures banned for violating Twitter’s rules - speculation that is only heightened by upcoming elections in Brazil, the U.S. That has left Twitter's users, advertisers and employees to parse his every move in an effort to guess where he might take the company. Such a shakeup was widely expected, but Musk has otherwise made contradictory statements about his vision for the company - and shared few concrete plans for how he will run it. Musk ousted three top Twitter executives on Thursday, according to two people familiar with the deal. That means everyday investors will no longer be able to buy and sell stock in the company and Twitter would no longer be required to publicly reveal details of its quarterly or annual financial performance with U.S. The New York Stock Exchange began the process Friday to delist Twitter. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty.
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